Introduction

TheStreet Inc. is a prominent financial news and literacy website that offers a wide array of content, including market analysis, stock recommendations, and investment strategies. Founded in 1996 by Jim Cramer and Marty Peretz, TheStreet has evolved into a significant player in the financial media landscape.

Founding and Early Years

In 1996, Jim Cramer, a former hedge fund manager and current CNBC personality, and Marty Peretz, a former publisher of The New Republic, co-founded TheStreet. Their vision was to create a platform that democratized financial information, making it accessible to both professional investors and the general public. TheStreet.com, as it was initially known, quickly gained traction for its in-depth market analysis and real-time news updates.

Public Offering and Growth

In May 1999, during the height of the dot-com bubble, TheStreet went public, trading on the NASDAQ under the ticker symbol TSCM. At its peak, the company had a market capitalization of $1.7 billion. This period marked significant expansion, with TheStreet acquiring several financial websites to broaden its content offerings.

Acquisitions and Expansions

Over the years, TheStreet has strategically acquired various platforms to enhance its services:

• Stockpickr.com (April 2007): A website focused on stock picks and investment strategies.

• Corsis and Promotions.com (August 2007): Acquired for $20.7 million, these platforms were later sold in December 2009.

• BankingMyWay and RateWatch (November 2007): These acquisitions expanded TheStreet’s coverage in banking and financial services.

• The Deal LLC (September 2012): A media company specializing in mergers and acquisitions, which was sold in February 2019.

Leadership Changes

TheStreet has experienced several leadership transitions:

• David Callaway (June 2016): Former USA Today editor, Callaway became CEO, steering the company through a period of digital transformation.

• Eric Lundberg (February 2019): Following Callaway’s departure, Lundberg assumed the role of CEO, focusing on strategic growth and partnerships.

Acquisition by The Arena Group

In August 2019, TheStreet was acquired by The Arena Group (formerly known as TheMaven) for $16.5 million. This acquisition aimed to leverage TheStreet’s financial expertise with The Arena Group’s broader media portfolio.

Content and Services

TheStreet offers a diverse range of content tailored for investors and financial enthusiasts:

• Market Analysis: In-depth articles and reports on market trends, economic indicators, and investment strategies.

• Stock Recommendations: Subscription services like Action Alerts Plus provide stock picks and investment advice.

• Educational Resources: Guides and tutorials aimed at enhancing financial literacy among readers.

Recent Developments

As of February 2025, TheStreet continues to expand its digital presence, offering mobile applications for on-the-go access to financial news and analysis. The platform remains committed to delivering timely and accurate financial information to its audience.

Conclusion

TheStreet Inc. has established itself as a cornerstone in financial journalism, providing valuable insights and resources to investors worldwide. Through strategic acquisitions, leadership transitions, and a focus on digital innovation, TheStreet continues to adapt to the evolving financial landscape, maintaining its relevance and authority in the industry. Visit my site for more information on DailySmartwork.